Baroda Banking and Financial Services Fund - Plan A - Growth - Latest NAV ₹20.75, Returns, Performance & Portfolio

Baroda Banking and Financial Services Fund - Plan A - Growth

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    6.17%
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    (+0.01)20.75

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years6.17%
3 Years0.9%
1 Year-13.86%
6 Months18.71%
Fund Details
ISININF955L01856
RiskHigh Risk
Fund TypeSector - Financial Services
NAV20.75
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd24.08%
ICICI Bank Ltd16.11%
Axis Bank Ltd9.48%
IndusInd Bank Ltd5.23%
Kotak Mahindra Bank Ltd4.72%
State Bank of India4.37%
SBI Cards and Payment Services Ltd Ordinary Shares4.21%
SBI Life Insurance Co Ltd3.02%
City Union Bank Ltd2.95%
Housing Development Finance Corp Ltd2.81%

About Baroda Banking & Financial Services Fund

The Baroda Banking & Financial Services Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation for unitholders by investing predominantly in a portfolio of equity and equity-related securities of companies engaged in the Banking & Financial Services Sector.

Pros & Cons of Baroda Banking & Financial Services Fund

  • The scheme identifies attractive investment opportunities based on the growth prospects and valuations of businesses over a medium-term. Further, the scheme does not restrict itself to any market capitalization limits.
  • As on December 31, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
  • Further, it has generated returns of 17.9% per year over the last 5 years (as on February 8, 2019). However, the returns over the last 6 months have been negative (-6.25%)

Fund Information and Statistics of Baroda Banking & Financial Services Fund

Inception / Launch Date

The scheme was launched on 22 June 2012 by Baroda Mutual Fund.

Risk Level

According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.

Redemption

There is no minimum amount for redemption. The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

Fund Manager

Mr. Dipak Acharya is the Fund Manager of the Baroda Banking & Financial Services Fund since its inception.

Entry / Exit Load

There is no entry load in this scheme.

The exit load structure is as follows :-

  • If the units are redeemed after the completion of 365 days from the date of allotment of the said units, then the exit load = Nil
  • If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV

Tax benefits of investing in Baroda Banking & Financial Services Fund

The following taxes are applicable to the income arising from investing in this scheme:

  • STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
  • LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About Baroda Mutual Fund

Baroda Mutual Fund is managed by Baroda Asset Management India Limited (the AMC) which is a wholly-owned subsidiary of the Bank of Baroda. In 2008, Pioneer Global Asset Management S.p.A. (PGAM) acquired a 51% stake in the AMC, which was renamed as Baroda Pioneer Asset Management Company Ltd. Subsequently, in 2018, Bank of Baroda acquired the entire shareholding held in the AMC. The fund house offers consistent investment performance through sound investment management and a huge product range to offer a wider choice to investors.

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Frequently Asked Questions

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Start your investment

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Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns